FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adrees Latif/File PhotoMELBOURNE (Reuters) – Oil prices fell on Tuesday, extending sharp losses overnight, as
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Exclusive: OPEC+ panel sees weaker oil demand in 2021 – document
FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen outside their headquarters in Vienna, Austria December 7, 2018. REUTERS/Leonhard FoegerDUBAI (Reuters) – OPEC and its allies have revised oil demand scenarios for 2021 with
U.S. election outcome will not impact bullish energy outlook: Goldman
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo(Reuters) – Goldman Sachs said the
What does palm oil have to do with Kashmir?
Malaysia’s palm oil industry has become an unexpected casualty of a row with India over disputed Kashmir. Ties have been frosty since late September when Malaysian Prime Minister Mahathir Mohamad said India had “invaded and occupied” the Himalayan territory. Delhi
Newsom issues executive order to stop sale of gas-powered cars in California by 2035
California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images California Gov. Gavin Newsom is issuing an executive order that seeks to eliminate sales of new gasoline-powered cars in his state by 2035. Why it matters: California is the largest auto market
Climate change? U.S. oil giants are doubling down on fossil fuels.
European energy companies like BP, Royal Dutch Shell and others have lately been selling off oil fields and investing billions in renewable energy, a response to plunging oil prices and growing concerns about climate changes. But the American oil giants
Colorado oil, gas industry ramps up opposition to bigger buffers for fracking sites
The oil and gas industry’s opposition to proposed 2,000-foot well setbacks is heating up, prompting more than 180 companies to send a letter Friday to Gov. Jared Polis that said the rule’s impacts would undermine the industry’s economic recovery. The
Oil falls 3%, heads for weekly drop on demand concerns
NEW YORK (Reuters) – Oil prices fell more than 3% on Friday, headed for their biggest weekly decline since June as concern around a slow economic recovery from the COVID-19 pandemic added to worries about weak oil demand. Brent crude
Oil holds above $44, heads for weekly drop on demand concerns
LONDON (Reuters) – Oil held above $44 a barrel on Friday and was on course for its biggest weekly decline since June as weak demand figures added to concern over a slow recovery from the COVID-19 pandemic. A U.S. government
Oil set to post weekly drop on lacklustre demand
SINGAPORE (Reuters) – Oil prices slipped on Friday, on track for a weekly loss, as investors’ focus shifted to lacklustre demand and ample fuel supplies, offsetting support from a weak dollar. Brent crude LCOc1 fell 19 cents, or 0.4%, to